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EURCAD Buy TD Setup PerfectionEURCAD has put in a TD Setup Perfection Buy and triggered an entry with a buy stop at 1.50530 Stop is a 12 hour bar close below 1.46960 With MACD turning up here and the Demark Setup, this one has a lot of potential. All /CAD crosses are firing off these setups as well, I had my pick of which to chose and I went with EURCAD as I have the strongest win rate in backtest and live markets with a 56% win rate and 2.5% winner to 1% loser, over time this is how the trading game is won.
Long
by ChrisD_Macro
GBPJPY Short ContinuyesGBPJPY continues the downward move after breaking below the trendline support that held up twice before, the next test looks to be the previous swing lows 143.769 143.195 Today we've bounced off the first level at 143.769 so far getting as low as 143.811 (pretty darn close). Notice that both of these previous swing lows brought multiday rally's so the risk at these levels looks to increase. However, much like the trendline break over the weekend, these support levels tend to have a bunch of stops sitting right around those levels and could be fuel for a more accelerated drop. Either way, I've moved my stop down to breakeven at 146.805 and added a bit more to this short position at 144.050
Short
by ChrisD_Macro
Demark Setup Sell Perfection on GBPJPY On 7/11 GBPJPY generated a Demark setup sell perfection. A Sell Stop order was placed at 146.805 and was filled a week later on 7/19 with an initial stop at 149.4610. This week we swung back to our entry price and a bit higher before turning lower on Thursday and Friday. With the swing high this week and putting in new lows, we dropped our stop from -260 pips down to -38 pips just above the swing high of 147.148 taking us into the weekend with a bit over +200 pips in the money and stopping near perfectly on that little trend line from the previous two swing lows perhaps setting up a triple bottom(?). Given the location of the close (trendline support) and the daily + weekly bars there might be some geo-political fireworks over the weekend to cause effecting Yen or Cable and thus GBPJPY to open below that level dramatically and running stops or move back to the top of this range. A bit of a head and sholder pattern is in there so we might actually get a further dump here if the H&S is actually in play. To Be Continued....
Short
by ChrisD_Macro
USD/CAD BEARS Could be in controlUSD/CAD Potential further downside continuation based on the 'trend continuation startegy, which also couples up & coincides with our Bearish analysis based on our trend-following strategy. Our current analysis based on 'trend-continuatuion' shows price currently ranging within an intra-day pattern. There are two potential scenarios here that we will be looking for, either a bullish break impulse move to test the horizontal support level and cluster EMA zone before further selling pressure. Alternatively, if the chart pattern plays out, we expect a downside break to test the horizontal support level. We must factor in the 'high impact' economic news later this week from the US, which will affect the US Dollar - FOMC and Non-farm payrolls. www.intelligenttradingacademy.com
Short
by UnknownUnicorn2262924
1
EURUSDHi, We had an almost successful analyse on EUR last time and now many things are more clear for me in chart.Like we have a bearish pennant in chart and in that pennant we have another triangle formation that made more limits for EUR. By all of that i think it's time for a short trade in this triangle with 2 target. Target 1 = 1.163 Target 2 = 1.159 Stop loss = 1.181 Don't forget it's a short-term trade and i have much much lower targets for long-term that i will mention later. Good Luck
Short
by Peymana71
2
Long entry of the lower end of the range with MPP (P)When MPP (P) functions as a resistance line, consider long entry. First limit: WePP (P) 0.99610 Second limit: 1.00000 Third limit: 1.00400 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Is YPP (P) still reliable?If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Is YPP (P) still reliable?If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
EUR/NZD: Selling the breakout Hi guys, Sorry for this sudden interruption, I have had some important personal issues which are now solved. I will try to publish as often as previously. I am also launching in a couple of weeks my website, I will keep you posted for those who are interested. In the meantime we have EUR/NZD which broke a major support trend line. It is consolidating and forming a new pattern. I am looking to sell once the trend line is broken. My target will be the support area as shown in my chart. EDIT: Please ZOOM OUT to see the main trend. Happy to be back in here and I hope we can make some great trades together. Trade with care. Best, Jesse
Short
by SwissPips
11